Corpay, Inc. $CPAY is Long Path Partners LP’s 3rd Largest Position

Long Path Partners LP decreased its position in shares of Corpay, Inc. (NYSE:CPAY) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,964 shares of the company’s stock after selling 2,039 shares during the period. Corpay accounts for approximately 14.2% of Long Path Partners LP’s portfolio, making the stock its 3rd biggest position. Long Path Partners LP’s holdings in Corpay were worth $39,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in Corpay by 253.1% in the third quarter. Millennium Management LLC now owns 26,914 shares of the company’s stock valued at $7,753,000 after purchasing an additional 19,291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Corpay during the 3rd quarter worth about $2,677,000. L2 Asset Management LLC lifted its holdings in shares of Corpay by 1.4% during the 3rd quarter. L2 Asset Management LLC now owns 23,927 shares of the company’s stock valued at $6,893,000 after buying an additional 339 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Corpay by 19.9% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 740 shares of the company’s stock valued at $213,000 after buying an additional 123 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Corpay by 8.8% in the 3rd quarter. Lido Advisors LLC now owns 1,168 shares of the company’s stock valued at $337,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cantor Fitzgerald increased their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a research report on Sunday. Scotiabank upgraded shares of Corpay to a “sector outperform” rating in a research note on Monday, January 26th. Raymond James Financial restated an “outperform” rating and set a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.57.

Corpay Stock Down 2.4%

Shares of CPAY stock opened at $310.06 on Tuesday. The stock’s 50 day simple moving average is $327.84 and its 200 day simple moving average is $306.72. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $361.99. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.92 and a beta of 0.80.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.11. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $5.36 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Insider Activity

In related news, CAO Alissa B. Vickery sold 1,701 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the sale, the chief accounting officer directly owned 2,180 shares of the company’s stock, valued at approximately $781,857. This represents a 43.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.04% of the company’s stock.

Corpay Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.